Take-Two (TTWO) stock was up on Tuesday alongside new estimates for the development cost of Grand Theft Auto 6. According to a new investigation, Take-Two and Rockstar Games are reported to have spent at least $3 billion on the game’s development. This is the conservative side of the estimate, with a more liberal estimate of $5 billion.
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GTA 6 has been in development for years, with the previous entry being released over a decade ago. Now, the game has a launch date of November 19, 2026, following a couple of delays. Analysts, investors, and gamers are all excited for the release of GTA 6, with many having high hopes for strong sales.
It’s not just the massive development costs that are behind these expectations for GTA 6. Grand Theft Auto V has done outstandingly well since its release, with over 225 million units sold worldwide. This makes it the second-best-selling game in history behind Microsoft’s (MSFT) Minecraft.
Take-Two Stock Movement Today
Take-Two stock was up nearly 2% on Tuesday but has fallen 23.13% year-to-date. The stock has also dropped 8.11% over the past 12 months. A recent tech stock selloff, combined with other economic factors, has weighed on TTWO stock in 2026.
TTWO stock saw some 313,000 shares change hands today, compared to a three-month average daily trading volume of about 1.95 million shares.
Is Take-Two Stock a Buy, Sell, or Hold?
Turning to Wall Street, the analysts’ consensus rating for Take-Two is Strong Buy, based on 16 Buy ratings over the past three months. With that comes an average TTWO stock price target of $287.31, representing a potential 46.02% upside for the shares.
